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F Co. began business on January 1, 20x10. Below are the transactions that took place during the companys first month of business: Jan. 1 The
F Co. began business on January 1, 20x10. Below are the transactions that took place during the companys first month of business: Jan. 1 The owner invested $75594 in return for 5576 common shares. Jan. 5 Purchased equipment costing $9129. $4968 was paid immediately and the remainder is due within 60 days. Jan. 9 Purchased land for $22351 cash. Jan. 15 Secured a $44829 loan from its bank. Jan. 20 Another investor purchased 3668 shares of the company for $24099. What is PF Co.s shareholders equity balance at the end of January?
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